Natixis Advisors LLC Purchases 12,325 Shares of Carlisle Companies Incorporated $CSL

Key Points

• Natixis Advisors LLC raised its Carlisle stake by 5.4%, purchasing 12,325 shares to hold 239,657 shares (about 0.57%) valued at roughly $78.84 million.
• Quarterly results beat — Carlisle reported $3.90 EPS vs. $3.60 expected and $1.13 billion in revenue vs. $1.11 billion expected, with a reported ROE of 41.58% and a market cap near $14.5 billion.
• Significant insider selling — insiders sold 68,289 shares worth about $28.13 million in the last three months (including 24,180 shares by the CFO), leaving insiders with roughly 1.5% ownership.

Natixis Advisors LLC raised its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 5.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 239,657 shares of the conglomerate's stock after purchasing an additional 12,325 shares during the quarter. Natixis Advisors LLC owned 0.57% of Carlisle Companies worth $78,838,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Elevation Point Wealth Partners LLC purchased a new position in shares of Carlisle Companies during the 2nd quarter valued at $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in Carlisle Companies during the 2nd quarter valued at approximately $25,000. Traub Capital Management LLC bought a new stake in Carlisle Companies during the 2nd quarter valued at approximately $28,000. Vermillion & White Wealth Management Group LLC raised its position in shares of Carlisle Companies by 69.6% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate's stock valued at $29,000 after buying an additional 32 shares during the last quarter. Finally, Osterweis Capital Management Inc. purchased a new position in shares of Carlisle Companies in the second quarter worth $36,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $354.90 on Monday. The company has a current ratio of 3.09, a quick ratio of 2.49 and a debt-to-equity ratio of 1.60. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The company has a market capitalization of $14.51 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.13 and a beta of 0.91. The firm's 50-day moving average is $370.23 and its 200 day moving average is $348.70.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.30. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The company's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.47 earnings per share. Research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, February 17th. Carlisle Companies's dividend payout ratio (DPR) is 25.72%.

Analysts Set New Price Targets

Several brokerages have commented on CSL. Weiss Ratings reiterated a "hold (c)" rating on shares of Carlisle Companies in a research note on Monday, December 29th. Robert W. Baird set a $420.00 price objective on Carlisle Companies in a research note on Wednesday, February 4th. William Blair began coverage on shares of Carlisle Companies in a report on Friday, January 30th. They issued a "market perform" rating for the company. Finally, Oppenheimer upped their price target on shares of Carlisle Companies from $400.00 to $435.00 and gave the company an "outperform" rating in a research note on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Carlisle Companies has an average rating of "Hold" and an average target price of $395.83.

Insiders Place Their Bets

In related news, insider Stephen Schwar sold 6,049 shares of Carlisle Companies stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the completion of the sale, the insider owned 8,540 shares in the company, valued at $3,564,254.40. This trade represents a 41.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kevin P. Zdimal sold 24,180 shares of the company's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the completion of the transaction, the chief financial officer owned 30,094 shares in the company, valued at $12,279,555.76. This represents a 44.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 68,289 shares of company stock valued at $28,125,467 in the last three months. 1.50% of the stock is owned by company insiders.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company's operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.

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